American Cannabis Operator Index Lost 0.6% This Year, Best Players In July: Columbia Care, Lowell Farms, Ayr Wellness & Ascend Wellness

The American Cannabis Operator Index declined for the fifth straight month falling 10.7% to 62.66. The index, which launched in October 2018, previously had five straight months of gains, reported New Cannabis Ventures.

In 2021, the index lost 0.6%, while over the last year it climbed 81.5%. At the launch, it had a value of 100, while its all-time closing high was 124.16 in December 2018.

This July, the index included 30 companies, out of which 26 were multi-state operators (MSO) and four are involved only in CBD extraction from industrial hemp. Only four companies enjoyed

modest performance last month, while 16 fell more than 10%.

The top players in July were - Columbia Care CCHWF, Lowell Farms LOWLF, Ayr Wellness AYRWF and Ascend Wellness AAWH.

On a year-to-date basis, Columbia Care has lost 20.7%; Lowell Farms gained 8.8%; Ayr Wellness was up 21.7% and Ascend gained 34.9% since its IPO, which was after the year started.

The top losers for the month were TerrAscend TER TRSSFThe Parent Company GRAM GRAMFPlanet 13 Holdings PLTH PLNHF and Stem Holdings STEM STMH.

Year-to-date, TerrAscend lost 19.4%, The Parent Company fell 60.8%, Planet 13 declined 6.1% and STEM Holdings dropped 32.4%.

In August, the index included 30 stocks with two additions coming in the form of C21 Investments CXXI CXXIF and Glass House GLAS GLASF and two removals being CV Sciences CVSI and Stem Holdings.

Photo: Courtesy of by Benjamin Brunner on Unsplash

Posted In: CannabisNewsPenny StocksSmall CapMarketsAmerican Cannabis Operator IndexNew Cannabis Ventures

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